The amount of a tax paid by the buyers will be larger the
A) more elastic the demand and the more inelastic the supply.
B) more inelastic the demand and the more elastic the supply.
C) more inelastic are both the supply and demand.
D) more elastic are both the supply and demand.
B
You might also like to view...
The sale of new stocks by a corporation is one source of investment funds
a. True b. False Indicate whether the statement is true or false
Describe what happens to quantity of labor supplied when wages are at the equilibrium level, above equilibrium, and below equilibrium.
What will be an ideal response?
Give an example of two products that are complements. Explain why they are complements.
What will be an ideal response?
The individual firm's short-run supply curve is the part of its:
A. average variable cost curve that is upsloping. B. marginal cost curve lying above its average total cost curve. C. marginal cost curve lying above its average variable cost curve. D. average total cost curve that is upsloping.